Input Tax credit on capital goods

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..... A plain reading of AP VAT ACT and rules gives an impresion that Input Tax credit on capital goods can be claimed in one shot and not in installments spraed over a period. Is that correct. Can some one .....

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..... enlighten me. - Reply By T.SUNDARAM - The Reply = Input tax credit can be carried forward , and can be adjusted against the suceeding months taxes also. - Reply By V Ramanujam - The Reply = You are .....

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..... right AP VAT Act/Rules does not contain any specific provision that ITC on capital goods is to be spread over a period. Thus, you can avail ITC in one shot and if any excess remains after adjustment o .....

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..... f liability, the same can be c/fd to subsequent period. - Reply By soni joshi - The Reply = can we claim ITC on capital goods?? - Input Tax credit on capital goods - Query Started By: - balasubrama .....

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..... nian n Dated:- 19-8-2008 Value Added Tax - VAT-CST - Got 3 Replies - VAT and Sales Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxma .....

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..... nagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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